Homburg Invest Inc. announces declaration of semi-annual dividend of
$0.24
Shares issued: Class A - 155,578,911 Class B - 31,514,782
Halifax, Nova Scotia, August 8, 2008 (TSX: HII.A & HII.B and
Euronext:HII) Richard Homburg, Chairman and CEO of Homburg Invest
Inc. ("Homburg Invest") is pleased to announce that at a meeting of
the Board of Directors held August 8, 2008 the payment of the
semi-annual dividend of $0.24 per share was approved. The dividend
will be payable on September 30, 2008 to holders of Class A
Subordinate Voting Shares and Class B Multiple Voting Shares at the
close of business on September 16, 2008.
The Board of Directors of the Company has also determined that the
price of Class A Subordinate Voting Shares which may be purchased
with cash dividends, under the Company's Dividend Reinvestment Plan,
with respect to these dividend payments will be 97% of the market
price as determined under the Plan.
All dividends paid by Homburg Invest are eligible dividends unless
indicated otherwise.
Homburg Invest, with its head office in Halifax, Nova Scotia, owns
and develops a diversified portfolio of quality real estate including
office, retail, industrial and residential apartment and townhouse
properties throughout Canada, the United States and Europe.
-30-
For further information, please contact:
Mr. Richard Homburg,
Chairman and CEO
Homburg Invest Inc.
902-468-3395
or
J. Richard Stolle
President and COO
Homburg Invest Inc.
31-20-573-3855
This news release may contain statements which by their nature are
forward looking and express the Company's beliefs, expectations or
intentions regarding future performance, future events or trends.
Forward looking statements are made by the Company in good faith,
given management's expectations or intentions however, they are
subject to market conditions, acquisitions, occupancy rates, capital
requirements, sources of funds, expense levels, operating performance
and other matters. Therefore, forward looking statements contain
assumptions which are subject to various factors including: unknown
risks and uncertainties: general economic conditions; local market
factors; performance of other third parties; environmental concerns;
and interest rates, any of which may cause actual results to differ
from the Company's good faith beliefs, expectations or intentions
which have been expressed in or may be implied from this news
release. Therefore, forward looking statements are not guarantees of
future performance and are subject to known and unknown risks.
Information and statements in this document, other than historical
information, should be considered forward-looking and reflect
management's current views of future events and financial performance
that involve a number of risks and uncertainties. Factors that could
cause actual results to differ materially include, but are not
limited to, the following: general economic conditions and
developments within the real estate industry, competition and the
management of growth. The Toronto Stock Exchange has neither approved
nor disapproved of the information contained herein.
